Monday, March 26, 2018

Williams May Not Get NY Fed Job, Because He is White

The Federal Reserve is facing a backlash over its lack of diversity in key positions after it emerged this weekend that John Williams, the current president of the San Francisco regional branch, is a front-runner to succeed William Dudley as head of the powerful New York Fed, reports Bloomberg.

“We are dismayed by the prospective failure to appoint someone who reflects the diversity of the district and the opaque process by which he was selected,” said Jordan Haedtler, campaign manager for Fed Up, an advocacy group that has pushed for greater Fed diversity.

Hey, who cares about policy (not that Williams is any good) just bring in people with different skin colors or people who identify as non-white!